After underperforming their smaller rivals over the past five years, shares of China’s five largest banks have rallied in recent months amid optimism they will benefit as net lenders into the interbank market, where borrowing costs have risen thanks to the campaign against financial leverage that the government stepped up in April. The optimism is expected to be borne out in first-half earnings due from the big banks over the coming week, whichanalysts generally expect will grow between 1 percent to 4 percent. By contrast, smaller lenders are expected to post slower profit growth owing to their reliance on interbank funding.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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